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Condensed Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Utility revenues $ 1,829 $ 1,661 $ 6,400 $ 5,797
Non-utility revenues 74 88 210 241
Total 1,903 1,749 6,610 6,038
Expenses:        
Utility natural gas, fuel and purchased power 349 223 1,860 1,416
Non-utility cost of revenues, including natural gas 52 61 143 159
Operation and maintenance 670 709 2,020 2,055
Depreciation and amortization 329 353 974 987
Taxes other than income taxes 119 125 401 394
Total 1,519 1,471 5,398 5,011
Operating Income 384 278 1,212 1,027
Other Income (Expense):        
Gain (loss) on equity securities (206) (12) (284) 40
Gain (loss) on indexed debt securities 210 11 381 (40)
Gain on sale 0 8 303 8
Interest expense and other finance charges (116) (114) (375) (380)
Interest expense on Securitization Bonds (3) (5) (11) (16)
Other income, net 8 17 25 54
Total (107) (95) 39 (334)
Income from Continuing Operations Before Income Taxes 277 183 1,251 693
Income tax expense 75 33 328 63
Income from Continuing Operations 202 150 923 630
Income from Discontinued Operations (net of tax expense of $-0-, $15, $-0- and $56, respectively) 0 68 0 202
Net Income 202 218 923 832
Income allocated to preferred shareholders 13 23 37 82
Income Available to Common Shareholders $ 189 $ 195 $ 886 $ 750
Basic Earnings (Loss) Per Common Share [Abstract]        
Basic earnings per common share - continuing operations (in dollars per share) $ 0.30 $ 0.21 $ 1.41 $ 0.94
Basic earnings per common share - discontinued operations (in dollars per share) 0 0.11 0 0.35
Basic Earnings Per Common Share (in dollars per share) 0.30 0.32 1.41 1.29
Diluted Earnings (Loss) Per Common Share [Abstract]        
Diluted earnings per common share - continuing operations (in dollars per share) 0.30 0.21 1.40 0.91
Diluted earnings (loss) per common share - discontinued operations (in dollars per share) 0 0.11 0 0.34
Diluted Earnings Per Common Share (in dollars per share) $ 0.30 $ 0.32 $ 1.40 $ 1.25
Weighted Average Common Shares Outstanding, Basic (in shares) 629,509 604,607 629,374 580,819
Weighted Average Common Shares Outstanding, Diluted (in shares) 633,068 609,382 632,933 601,403